East West Bancorp (EWBC) : Community Financial Services Group reduced its stake in East West Bancorp by 1.98% during the most recent quarter end. The investment management company now holds a total of 101,957 shares of East West Bancorp which is valued at $3,424,736 after selling 2,058 shares in East West Bancorp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.East West Bancorp makes up approximately 1.63% of Community Financial Services Group’s portfolio.
Other Hedge Funds, Including , World Asset Management Inc reduced its stake in EWBC by selling 3 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 7,034 shares of EWBC which is valued at $236,272. East West Bancorp makes up approx 0.01% of World Asset Management Inc’s portfolio.Tocqueville Asset Management reduced its stake in EWBC by selling 27,800 shares or 13.18% in the most recent quarter. The Hedge Fund company now holds 183,200 shares of EWBC which is valued at $6,269,104. East West Bancorp makes up approx 0.08% of Tocqueville Asset Management’s portfolio.Whittier Trust Co Of Nevada Inc boosted its stake in EWBC in the latest quarter, The investment management firm added 855 additional shares and now holds a total of 8,299 shares of East West Bancorp which is valued at $283,992. East West Bancorp makes up approx 0.03% of Whittier Trust Co Of Nevada Inc’s portfolio. Old Mutual Global Investors (uk) Ltd. sold out all of its stake in EWBC during the most recent quarter. The investment firm sold 52,613 shares of EWBC which is valued $1,843,033.Curian Capital reduced its stake in EWBC by selling 56,382 shares or 51.18% in the most recent quarter. The Hedge Fund company now holds 53,787 shares of EWBC which is valued at $1,804,016. East West Bancorp makes up approx 0.13% of Curian Capital’s portfolio.
East West Bancorp closed down -0.16 points or -0.45% at $35.06 with 6,44,966 shares getting traded on Monday. Post opening the session at $35.35, the shares hit an intraday low of $34.99 and an intraday high of $35.58 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, East West Bancorp reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.69.Analysts expectations of $ 294.15.During the same quarter in the previous year, the company posted $0.68 EPS.
Many Wall Street Analysts have commented on East West Bancorp. East West Bancorp was Upgraded by Macquarie to ” Outperform” on Jul 22, 2016.
East West Bancorp Inc. (East West) is a bank holding company. East Wests principal business is to serve as a holding company for East West Bank (Bank) and other banking or banking-related subsidiaries. The Bank offers deposit products including the traditional range of personal and business checking and savings accounts time deposits and individual retirement accounts travelers checks safe deposit boxes and MasterCard and Visa merchant deposit services. The Banks lending activities include commercial and residential real estate construction trade finance and commercial business including accounts receivable small business administration (SBA) inventory and working capital loans. The Bank provides commercial business loans to small and medium-sized businesses. In addition the Bank is focused on providing financing to clients needing a financial bridge that facilitates their business transactions between Asia and the United States.